Today on the podcast, I'm joined by Holly Johnson, author of Zero Down your Debt.

Listen to this episode to understand how to use a zero-sum budget, learn how to budget when you've got a variable income, how to use the debt snowball method to clear your debts, and the key money lesson you should pass on to your children.

Getting into debt is ridiculously easy to do. But getting out of debt? That can be much harder.

My guest on the podcast today has written a fantastic book, along with her husband, sharing actionable tips and advice on how to get out of debt and enjoy debt free living.

As you'll hear from Holly in this episode, the secret is having a 'zero-sum budget'. This is described as the black belt of budgeting methods; it's the approach Holly and her husband Greg used to wipe out $50,000 of their own debt.

Holly Johnson is an award-winning writer who focuses on frugality, budgeting and credit. Her husband Greg is an entrepreneur who turned his love of budgeting and digital media into an online empire.

Together, they blog about money at ClubThrifty.com, travel the world and enjoy the good life with their two kids.

Holly and Greg started ClubThrifty together in 2012, in part, to figure out where their own money was going and why, despite two good salaries, they weren't saving.

They figured out how to stop the bleeding and began a journey of self-empowerment by getting a grip on their money. Their revolutionary approach to spending and saving inspired a website and enabled them to quit their day jobs and devote themselves to helping others.

Welcome to Zero Down Your Debt with Holly Johnson, in episode 202 of Informed Choice Radio.

Some questions I ask:

-What first prompted you to embark on the journey to find out where all of your money was going?

-How does a zero-sum budget work?

-What about people with variable incomes, can that work for them too?

-How do you cope with unexpected items of expenditure and financial emergencies?

-I understand your motto is stop spending start living. How have you put that motto into practise?

-How bad is debt and what impacts does it tend to have on people's lives?

-What are some of the key money lessons you want to pass onto your children?

Thank you for listening!

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